Israeli stocks broke new records Tuesday while US markets dropped, as the war between Israel and Iran kept escalating for a fifth straight day after President

Iran conflict raged on for the fifth consecutive day. S&P 500 futures (SPX) -0.4%, Nasdaq 100 futures (US100:IND) -0.5%, and Dow futures (INDU) -0.4%. The 10-year Treasury yield (US10Y) fell 4 basis points to 4.

As Israel and Iran exchanged more attacks, stock markets mostly rose even as worries remained about possible oil supply interruptions.

The sharp pullback came as global investors reacted to headlines of escalating military conflict in the Middle East, with Israel and Iran trading lethal missile barrages. US crude climbed 1.21% to $72.64 per barrel, extending gains from last week as markets priced in potential disruptions to energy supply chains.

NEW YORK (AP) — Some calm is returning to Wall Street, and U.S. stocks are rising on Monday, while oil prices are giving back some of their initial spurts following Israel’s attack on Iranian nuclear and military targets at the end of last week.

Israeli stocks dropped on their first day of trading after Prime Minister Benjamin Netanyahu’s government began airstrikes against Iran. Saudi Arabia’s equity benchmark slid as concerns of a wider conflict gripped the region.

Airbnb is at the centre of a legal battle over alleged corporate support for Israel’s expanding presence in the West Bank